Meats Futures Prices

by cmdtyNewswires - Fri Dec 14, 5:17PM CST
Live cattle futures settled with most contracts steady to 45 cents lower. Nearby Dec was up 12.5 cents as it has to stick close to cash. Feeder cattle futures were 10 to 40 cents lower on the day. The CME feeder cattle index was up 51 cents on December 13 at $146.91. Wholesale beef prices were mixed this afternoon, with the Ch/Select spread narrowing to $7.82. Choice boxes were down $1.51 at $210.96, with the Select cutout value $2.14 higher at $203.14. USDA estimated this week’s cattle slaughter at 654,00 head through Saturday. That is 7,000 below last week and 26,000 head larger than the same week last year. Most cash trade on Friday was around $119 in to round out the week.Dec 18 Cattle closed at $119.575, up $0.125,Feb 19 Cattle closed at $122.400, down $0.450,Apr 19 Cattle closed at $124.500, down $0.300,Jan 19 Feeder Cattle closed at $147.575, down $0.400Mar 19 Feeder Cattle closed at $145.775, down $0.150Apr 19 Feeder Cattle closed at $146.250, down $0.250--provided by Brugler Marketing & Management

by cmdtyNewswires - Fri Dec 14, 5:17PM CST
Lean Hog futures were mixed on Friday, with Dec expiring at $54.95. The CME Lean Hog Index was down 18 cents from the previous day @ $55.36 on December 12. The USDA pork carcass cutout value was down $1.37 at $71.80. The national base cash hog carcass value was 29 cents higher at a weighted average of $46.71. USDA estimated FI hog slaughter for this week through Saturday at 2.612 million head. That is 54,000 head larger than last week and 36,000 head above a year ago. Spec funds in lean hog futures and options backed off their net long position by 3,563 contracts as of 12/11 to a net position of 35,506 contracts.Dec 18 Hogs closed at $54.950, up $0.150,Feb 19 Hogs closed at $64.500, down $0.325Apr 19 Hogs closed at $70.050, down $0.300--provided by Brugler Marketing & Management